Energy News

Kissimmee Utility Authority on Wednesday approved an operating budget and capital program for fiscal year 2010 that includes no base rate increase, avoids cuts in services and funds reliability enhancements to the utility's infrastructure.

Protesters are under arrest in the Rotunda of the U.S. Capitol after a demonstration on AIDS July 9, 2009 in Washington, DC.

Sunoco placed four employees on administrative leave and said Thursday that it had notified the Department of Justice of what it called improper conduct during a bidding process with an oil producer.

Tidewater Inc., which provides water transportation for the petroleum industry, said Thursday its board has authorized it to repurchase up to $200 million in shares of its common stock.

DUBAI, United Arab Emirates -- Abu Dhabi National Oil Co. has signed a deal with ConocoPhillips to extract natural gas in the Persian Gulf emirate.

AUSTIN a 'The Electric Reliability Council of Texas said a record was set Wednesday for electric use as temperatures soared to record highs around the state.

The number of US companies featured in the annual Fortune 500 list of top global companies has fallen to its lowest level, the business magazine says.

Vanvcouver - Last updated on Wednesday, Jul. 08, 2009 11:10AM EDT F ormer prime minister Jean Chrtien has been named as senior international adviser to Ivanhoe Mines IVN-T and its affiliated companies, the Vancouver-based international mineral developer said Wednesday.

A state licensing commission said Wednesday it is appealing a court ruling rejecting a permit the commission issued for a coal-fired power plant in southwestern Arkansas.

The Arkansas Department of Environmental Quality has fined Chesapeake Energy Corp.

MADISON - State regulators are poised to approve a Wisconsin utility's plans for a massive wind farm in southern Minnesota.

Progress Energy Carolinas , Southern Energy and NxGen Power will build, own and operate a solar energy farm on city of Raleigh-owned property at the Neuse River Wastewater Treatment Plan.

NRG Energy Inc. said Wednesday that it has turned down Exelon Corp.'s revised hostile takeover bid of $8 billion in stock because it undervalues the business.

JENKINSVILLE, S.C. South Carolina Electric & Gas Co. is testing the 106 sirens located within 10 miles of its nuclear power plant near Columbia.

Xcel Energy has launched a series of efficiency programs to help New Mexico homeowners and businesses save energy and money.

Gov. Mike Beebe and Entergy Arkansas officials are unveiling a new Web site that they say will help attract new business prospects to the state.

Bismarck-based MDU Resources Group Inc. says it is joining in the development of a high-voltage power line that would transmit wind energy from the Dakotas to homes in Chicago and other cities.

ConocoPhillips , the third-largest U.S. oil company, said Tuesday second-quarter production rose by more than 100,000 barrels from a year ago, but lower crude and natural-gas prices and refining margins are expected to hurt results.

Oil and Natural Gas Corporation of India is reported to be vying for a stake in the Argentine unit of Spanish oil major Repsol-YPF. . Spanish newspaper La Gaceta has reported that ONGC and Russian firms are interested in acquiring a stake in the Argentine unit of the Spanish oil major, in which Chinese firms are keen to have a stake.

Pacific Gas and Electric crews are investigating an underground fire in a PG&E vault in downtown San Francisco.